Balanced Areas

[walterw]

ok good Pivot.... I notice your chart is not Tradestation... on what platform are you charting ? does the platform has programing ? and last how do you get volume for forex ¡¡¡? certainly unusual ¡¡ cheers Walter.


pd: very nice inputs Pivot, are you familiar with this guys Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system ? they also teach volume analisis

[walterw]

	Quote:	walterw
	ok good Pivot.... I notice your chart is not Tradestation... on what platform are you charting ? does the platform has programing ? and last how do you get volume for forex ¡¡¡? certainly unusual ¡¡ cheers Walter. pd: very nice inputs Pivot, are you familiar with this guys Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system ? they also teach volume analisis

sorry Pivot but I am still very curios about your chart platform... cheers Walter.

[Anonymous]

Visual Trader (VT) thru CMS. Yes there is volume in forex. It's the best kept secret. Volume is activity and therefore tick volume works as well as actual volume.

Esignal provides tick based volume data for forex. Tradeguider.com has a fact sheet on the data if you are interested. Nowadays some spot forex brokers provide volume. True it is only representative of their platform but it works nonetheless.

As far as the program language, it is basically the same as used in MetaStock. Which is one major reason why I like it. No new language to learn.

[walterw]

Thanks Pivot for that information... cheers Walter.

[Trader_JG]

Those of you successfully trading MP, do you solely use VSA to take a position at MP and Pivot levels or do you also trade on moving averages looking at RSI etc?

I'm trying to put together a strategy but I keep changing it and hence losing $$

Jonathan

[Soultrader]

Hi Jonathan,

I think a combination of market profile and VSA is extremely powerful... ONLY if you know how to use it properly. I personally do not have any moving averages or RSI on my chart. I trade strictly off price action, volume, and pivots. Its best to stop switching strategies but to really focus on becoming good at one.

[bobajob]

As I've put in previous post -I just look at price in the form of shorter time-frame profiles. This shows when an unfair area is rejected and time to take the trade. Takes time to develop though.

[Trader_JG]

Thanks for the response guys, should I get rid of market internals too such as TICK, ADD, P/C?
My guess is yes but just want to make sure before I delete them.

[weiwei]

Trader JG, Market internal do have its value in day trading. One I use most is $tick, and I know Soul and many other people in this forum use it.

Correlate its action with price, it could be a good tool to make a better decision.
weiwei

[Trader_JG]

Does anyone have the TradeGuider VSA chart reading bootcamp course?
If so it is worth the $495?

I have his book along with another one I found online.

Jonathan